Given the pricing is the same, use the list below to eliminate the policies that do not include as many of these coverages/forms.1)  To limit your 95% of your financial risk, I would start with the following - $1M Liability, Replacement Cost, Agreed Value, Special Form, and Loss of rents.2) Secondary coverages you may want to consider if your building is susceptible to these risks, Building Law and Ordinance, Sewer Back up, Contents coverage, Flood.

  (2 years of tax returns business and 2 from personal, P&L statements down to the month, invoices, and since you have 3 extra units make sure you include the potential income you will have with tenants in the property.)

If a 1250 sqft home needs to be completely remodeled (not including foundation work).

-Located near 2 major hospitals and 3 Universities -Original Rehab included 100% new bathroom, 100% new plumbing in the house, electrical updates, all new flooring, all new paint, and the addition of one new wall to create a "true" 3rd BR.

@Eric VeronicaYeah 33% DTI calc when including rental income.

She has since bowed out, so this time I am making all of the business decisions myself.I have already purchased Builder's Risk insurance for the property which does not include liability insurance. 

They see lots of Airbnb everywhere including in their community but HOA’s lawyer sent letter to immediately stop renting rooms to people.They are in 5 bedroom house and renting only 3 rooms to 3 people.

That will be close to 15K (includes new trim boards and painting).Thank you for your comment.

That small spread of 350 that doesnt include calculations for repairs and such is very unlikely to keep you above water.

And that includes using agents.